The Palgrave Encyclopedia of Global Security Studies

Living Edition
| Editors: Scott Romaniuk, Manish Thapa, Péter Marton

Asian Development Bank (ADB)

  • Avilash RoulEmail author
Living reference work entry

Despite the ambiguity surrounding as to who first conceptualized the idea of a multilateral financial institution for Asia, many factors prevailing during postwar global politics, reconstruction led by Bretton Wood institutions, establishment of regional Inter-American Development Bank (IDB) for Latin America and Caribbean in Washington, rise of nationalism of independent countries, and nation-building and spirit of increasing regionalism are behind the foundation of the Asian Development Bank (ADB). In 1963, a resolution was passed at the first Ministerial Conference on Asian Economic Cooperation held by the then governance Economic Commission for Asia and the Far East (presently United Nations Economic and Social Commission for Asia and the Pacific) (see chapter “Economic Commission for Asia and the Far East”) which culminated in establishment of the ADB in 1966 as a developmental financial institution at Manila, Philippines (McCawley 2016). The purpose of the Bank then was spelled...


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  1. ADB. (1965). Agreement establishing the Asian Development Bank.
  2. ADB. (2006). Special evaluation study on involuntary resettlement safeguards.
  3. ADB. (2008). Strategy 2020: The long-term strategic framework of the Asian Development Bank 2008–2020.
  4. ADB. (2018a). Strategy 2030- achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific.
  5. McCawley, P. (2016). Banking on the future of Asia and the Pacific: 50 years of the Asian Development Bank. Manila: ADB.Google Scholar

Further Reading

  1. BIC/Forum on ADB. (2006). Unpacking ADB. Washington, DC: Bank Information Center.Google Scholar
  2. Chalkley, A. (1977). Asian development bank: A decade of progress. Manila: ADB.Google Scholar
  3. Erquiaga, P. (2016). A history of financial management at the Asian Development Bank: Engineering financial innovation and impact on an emerging Asia. Manila: ADB.Google Scholar
  4. For Civil Society perspectives on the ADB, visit NGO Forum on ADB, Manila.
  5. NGO Forum on ADB. (2012). Is ADB accountable? Evaluating accountability mechanism. Manila: Forum.Google Scholar
  6. Wilson, D. (1987). A bank for half the world: The story of the Asian Development Bank, 1966–1986. Manila: ADB.Google Scholar

Copyright information

© The Author(s), under exclusive licence to Springer Nature Switzerland AG 2019

Authors and Affiliations

  1. 1.Indo-German Centre for Sustainability (IGCS)Indian Institute of Technology Madras (IITM)ChennaiIndia